Rubber soars to 2-month high
- Published: 9 May 2013 at 10.55
- Online news:
Rubber futures jumped to their highest level in almost two months after shipment restrictions by Thailand, the world's largest exporter, boosted cash prices above the benchmark contract on the Tokyo Commodity Exchange.
A tapper scrapes bark off a rubber tree, to collect the oozing latex in a small cup attached to the trunk below. (Photo by Pinit Jarusombat)
Rubber for delivery in October climbed as much as 3.3% to 285.2 yen a kilogramme (US$2,884 a metric tonne) on the Tokyo bourse, the highest level for a most-active contract since March 13. Futures traded at 279.8 yen at 10.16am, paring this year's losses to 7.5%.
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